SABIC: Best ESG Responsible Petrochemical Company MENA 2020

SABIC defines sustainability as its cornerstone, and has done since it was founded 40 years ago. This enduring commitment continues to drive innovation and growth for the petrochemical company, home to over 33,000 employees, including 1,270 scientists. It has innovation centres in key geographies: the US, Europe, Asia and the Middle East and Africa (MENA). The group has its global headquarters in Saudi Arabia, with manufacturing plants, sales offices and logistics hubs in 50 countries. SABIC is one of the world’s top three petrochemical companies, supporting client needs for clean energy, transport, construction, packaging, medical devices, agri-nutrients and electronics. SABIC’s expansive range, market penetration and strong ESG leadership allow the group to contribute towards the UN’s Sustainable Development Goals, focusing on the 10 targets with the most positive impacts. It promotes resource efficiency through tracking programmes for material loss and water usage. It fights climate change by reducing overall energy consumption and increasing stakes in renewables. It designs products that exceed sustainability expectations and adapts manufacturing processes for circular economies. It has invested more than $962m in CSR initiatives over the past 18 years to foster long-term, mutually beneficial partnerships with the communities where it operates. Last year, it spent $15.6m on 185 global CSR programmes to protect water resources and support sustainable agriculture, education, health and wellness and environmental protection. The CFI.co judging panel unanimously declares SABIC as winner of the 2020 award for Best ESG Responsible Petrochemical Company (MENA).